Hyflux faces fresh potential claims over its plant in Algeria, while the Singapore state utility board and Maybank are taking over its Singapore plant.

The distressed utility group, already facing potential legal action in Algeria and from retail investors at home, is now squabbling with two would-be Indonesia white nights.

As creditors like BNP Paribas press the Singapore-listed firm for payment, Hyflux is racing against a debt restructuring deadline to find a new white knight.

Chinese and Indian individuals would rather see foreign investment from private equity or hedge funds than from sovereign wealth funds.

With the Lunar New Year holidays out of the way, China’s Petro-king joins Xinchen China Power in starting to gauge the investor appetite for Hong Kong listings.

Thailand’s leading oil company goes head-to-head with Shell for control of African oil assets, but recent resource deals in Mozambique should give investors pause for thought.

Asia is in the vanguard of globalisation, driven by Hong Kong and Singapore, but businessmen are pessimistic about the challenges ahead, according to a new report by Ernst & Young.

Deutsche Bank, Goldman Sachs, UBS and PwC have each had a crack at predicting the country they expect to lift the World Cup trophy on July 13.

In a Cost of Living survey involving 214 cities, Tokyo, Osaka and Hong Kong are among the top 10 most expensive cities in the world for corporations to fund their expatriates. Singapore is not far behind in 11th place.

Infrastructure investment will play a key role in how the world addresses the problem of water scarcity, says Standard Chartered.